Libya: Manufacturing, value added (current US$)

Key figures

What the numbers say

In 2017, Libya's manufacturing, value added (current US$) rose 3.3% on 2016 (from US$1.82 billion to US$1.88 billion).

Across the 14 yearly changes before that (2003 to 2016), the average change was +13.6% and a typical year strayed about 42.6% from that (the standard deviation). This year's change was 0.2 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 143% in 2003 and the biggest yearly fall was 40.1% in 2011. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2008 to 2017 the straight-line trend is downward, about US$178.99 million a year. A straight line explains 60% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

See how every economy compares in the full ranking.

Closest to Libya in the 2017 ranking

• New Caledonia — 2nd of 2: US$514.07 million

What this measures

Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

Limitations: In establishing classifications systems compilers must define both the types of activities to be described and the units whose activities are to be reported. There are many possibilities, and the choices affect how the statistics can be interpreted and how useful they are in analyzing economic behavior. The ISIC emphasizes commonalities in the production process and is explicitly not intended to measure outputs (for which there is a newly developed Central Product Classification). Nevertheless, the ISIC views an activity as defined by "a process resulting in a homogeneous set of products."

Regional and income-group figures are computed by the World Bank as a gap-filled total.

All 16 values

Manufacturing, value added (current US$) in nearby economies

• Afghanistan — US$1.5 billion (2024)
• Algeria — US$25.46 billion (2024)
• Bahrain — US$9.74 billion (2025)
• Djibouti — US$219.41 million (2024)
• Egypt, Arab Rep. — US$52.96 billion (2025)
• Iran, Islamic Rep. — US$97.86 billion (2024)
• Iraq — US$10.17 billion (2025)
• Israel — US$60.96 billion (2024)
• Jordan — US$10.7 billion (2025)
• Kuwait — US$12.17 billion (2025)

More economic policy & debt data for Libya

• Total reserves, including gold (current US$) — US$104.66 billion (2025)
• Total reserves, excluding gold (current US$) — US$84.06 billion (2025)
• GDP (current US$) — US$48.1 billion (2025)
• GDP (current LCU) — 255.17 billion (2025)
• GDP (constant 2015 US$) — US$64.4 billion (2025)
• GDP (constant LCU) — 96.66 billion (2025)
• GDP per capita (current US$) — US$6,449 (2025)
• GDP per capita (current LCU) — 34,212 (2025)
• GDP per capita (constant 2015 US$) — US$8,634 (2025)
• GDP per capita (constant LCU) — 12,960 (2025)
• GNI (current US$) — US$49.92 billion (2025)

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Questions people ask

What is Libya's manufacturing, value added (current US$)?

US$1.88 billion in 2017, according to the World Bank (World Development Indicators).

How has it changed since 2002?

It is up 194.42% from US$640.24 million in 2002 (7.46% a year on average, compounded). The highest value was US$3.95 billion in 2008 and the lowest US$640.24 million in 2002.

Is the latest change in manufacturing, value added (current US$) unusual for Libya?

In 2017, Libya's manufacturing, value added (current US$) rose 3.3% on 2016 (from US$1.82 billion to US$1.88 billion). Across the 14 yearly changes before that (2003 to 2016), the average change was +13.6% and a typical year strayed about 42.6% from that (the standard deviation). This year's change was 0.2 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Where does this data come from?

Source

World Bank, World Development Indicators, indicator NV.IND.MANF.CD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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